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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: LemonHead who wrote (13552)	11/11/2000 8:57:34 PM
From: Steve Grabczyk	Respond to of 18928

Hi Keith: Your asking Mr. Powderless hisself! My only response is that the market dropped so much on Friday (My AIM basket dropped almost 7%) that I'm not so sure it didn't overreact. Hard to say really. Best to just wait to see how the premarket looks. If it's gonna open lower, than maybe set your GTC's to a little lower level than that. Everyone I've ever heard say anything about these kinds of situations is: "You can't time the market." "You can't call the bottom." Regards, Steve

To: LemonHead who wrote (13552)	11/12/2000 4:34:35 PM
From: OldAIMGuy	Respond to of 18928

Hi Steve, I did serious buying in my mutual fund accounts on Friday. There were a couple of other stock trades that tripped also. I expect since it will be Thursday before we see Florida's absentee votes and yet another recount in at least one county that we'll have at least four days of peculiar markets. "The market doesn't like uncertainty." Which is a little like saying that chaos doesn't like disorder!!! I feel that this is just creating a deeper discount on the good buys. At the same time, it's probably trimming fat from the over-priced stocks that are left. It should help to hold my Speculation index down a bit longer that it wanted to be. If you have the time to watch the market this week, you might want to take AIM Buy orders off autopilot and fly this thing by the seat of your pants. You may be able to make larger, more efficient buys on a day with hideous news! If you look at what happened to my Cash Reserve last month on the History page, you'll get an idea of how I'm placing my current market bets. aim-users.com (spent about 25% of remaining cash) It will be nice to have resolution to the voting issue. Best regards, Tom